Family Owned and Proud of It

31 Oct Family Owned and Proud of It

Family Owned and Proud of It

More than 30 years ago, Charlotte, NC electricians Father and Son started in the basement of a family home. Things have changed a bit since then – but we’ll always be proud to be a family-owned business.

According to the Conway Center for Family Business, family-owned businesses like Father and Son with their 24 hr electrician services are economic powerhouses that drive local, national and global economies. Here are some interesting facts they provided.

Family businesses account for 64 percent of the US gross domestic product, generate 62 percent of the country’s employment, and account for 78 percent of all new job creation.

Family-owned businesses are the backbone of the American economy. Studies have shown about 35 percent of Fortune 500 companies are family-controlled and represent the full spectrum of American companies from small businesses to major corporations.

The greatest part of America’s wealth lies with family-owned businesses. Family firms comprise 80 to 90 percent of all business enterprises in North America.

Small businesses, including many family firms, employ just over half of US workers. In 2011, out of 113.4 million nonfarm private sector workers, small firms with fewer than 500 workers employed 55 million and large firms employed 58.4 million. Firms with fewer than 20 employees employed 20.2 million.

Father and Son is proud to be a electrical contractor in Charlotte, NC that is also a family business, committed to serving the community. Father and Son’s customers know they can rely on the Charlotte electricians for everything from the wiring of basements & additions to recessed lighting & dimmers.